Undo a Bank Reconciliation

Your Rentec Direct property management software allows you to undo previous reconciliations and make any necessary corrections or adjustments.

Note:  Prior to undoing a reconciliation, you may want to review the option with your accountant.

When financial reports are created, you will have the option to Print, Email instantly, or Schedule and Send Automated Reports to Owners, Managers, and/or Yourself. Save time by creating a list of Favorites from your most used reports.

Learn about Full Accounting, including Assets, Liabilities, and Equity Accounting with Rentec Direct.

How to Undo a Reconciliation

The following steps walk through how to undo a bank reconciliation.

In your Rentec Direct account: 

1. Click on Banking
2. Right-click on the account and choose Notes & History 
3. Click the Undo link next to the Reconciliation
4. Review the caution message
5. Click on View Reconciliation Report to view and download 
6. Press Confirm Undo when your ready

Notes:
After a reconciliation has been reversed, the ledger  Notes & History will automatically be updated to reflect that action. Those transactions will revert to being unreconciled and will again be listed within the Reconciliation tool. 

The Undo option is available for all reconciliations processed on or after December 14, 2020. If the reconciliation occurred before that date, use the instructions in the next section to undo individual transactions. 

Un-reconcile One or More Individual Transactions

If you inadvertently marked a transaction reconciled and wish to reverse it, or the reconciliation occurred before December 14, 2020, each line item will need to be edited individually. 

Pro Tip: We recommend you first pull the reconciliation report to locate which transaction needs to be edited.

Review the Report

In your Rentec Direct account:

1. Click on Banking
2. Right-click on the account and select Notes & History 
3. Click on the report icon link to download the report
4. Review the report to identify transactions that need to be edited 
   
   

   

Edit Transactions

In your Rentec Direct account: 

1. Click on Banking
2. Click on the Balance to enter the ledger
3. Use the search filter to find your transactions (which will be marked with a bold "R" in the far right column) and edit each transaction in question using the pencil/paper icon.
4. Adjust the transaction from Reconciled to either Cleared or Uncleared
   
   

   

5. Click on Save Changes

System Advice: We recommend you add a new note to the account Notes & History to ensure you have a clear trail of the chain of events. Once you have un-reconciled the transaction, that transaction will be available for a new reconciliation.